Reps probe Binance executive’s escape as FG dismisses bribery claim

Describing the escape of Binance chief, Nadeem Anjarwalla, using a ‘smuggled passport’ from National Security Adviser custody as most disappointing, embarrassing and disturbing, the House of Representatives has resolved to investigate the incident, noting that the development exposed the porosity of Nigeria’s security architecture to the world.

Since his escape, the Economic and Financial Crimes Commission International Criminal Police, Nigeria Police Force and Kenyan Police Service have been in talks to extradite the Binance executive. But the Federal Government has termed as diversionary, Binance’s allegation of a $150 million bribery demand against unidentified officials to resolve the ongoing criminal investigation against the company.The current administration said it is aware of Binance’s attempt to launder its impaired image as an organisation that does not play by the rules and laws guiding business conduct in sovereign nations.

He said: “The facts of this matter remain that Binance is being investigated in Nigeria for allowing its platform to be used for money laundering, terrorism financing and foreign exchange manipulation through illegal trading. He went on: “Just a week ago, the founder and former CEO of Binance, Changpeng Zhao, was sentenced to prison in the United States, after pleading guilty to charges very similar to what Binance is being investigated for in Nigeria. In addition, Zhao agreed to pay a fine of $50 million, while Binance is liable for $4.3 billion in fines and forfeitures to the U.S.”Before flagging, please keep in mind that Disqus does not moderate communities.

The Police Command in Anambra has refuted a story trending on social media and in some national dailies that 21 soldiers were killed in the state. The News Agency of Nigeria reports that the denial is contained in a press release by SP Tochukwu Ikenga, the Anambra police spokesperson, and made available to journalists…

Bribery Claim Kenyan Police Service Nadeem Anjarwalla Escape

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